1804 10C 13 Star Reverse Draped Bust Dime
The 1804 10C with the 13 Star Reverse, a part of the Draped Bust Dime series, represents a fascinating convergence of numismatic history and rarity. These coins were minted during a time when the United States Mint was still in its early stages, refining its production techniques and establishing itself as a reliable source of coinage for the growing nation.
Mintage and Mint
The 1804 Draped Bust Dime was minted in Philadelphia, the only mint operational at the time. According to PCGS CoinFacts, the total mintage for this year was approximately 8,265 pieces. This makes the 1804 dime, particularly the 13 Star Reverse, an intriguing specimen due to its low mintage.
PCGS Details and Importance
The significance of PCGS #4472 lies in its method of authenticating and grading coins, offering assurance to collectors about the condition and authenticity of their acquisitions. For the 1804 10C 13 Star Reverse, the rarity is underscored by the scarcity of high-grade examples. Most known specimens are found in lower circulated grades due to the extensive use they saw at the time.
History and Numismatic Value
The 1804 dime is part of the second type of design used for early dimes, known as the "Draped Bust," which was initially conceived by the renowned artist Gilbert Stuart and executed by engraver Robert Scot. The 13 stars on the reverse symbolize the original states of the Union, a pattern that was commonplace during this period. From a numismatist perspective, the 13 Star Reverse variant is particularly sought after due to its historical context and production anomalies which led to its low mintage. The die used for these coins was replaced at some time during production, leading to variations in the number of stars, a detail that collectors find fascinating.
Rarity and Market Performance
Due to its age and low mintage, the 1804 Dime with the 13 Star Reverse is quite rare today, especially in higher grades. The importance of condition is paramount, as a small difference in grade can result in a significant difference in auction value. For example, lower-graded examples can fetch a few thousand dollars, while higher-grade specimens have been known to realize prices in excess of ten to twenty thousand dollars at auction. These coins occasionally appear in major numismatic auctions, and when they do, they capture significant attention.
Reference to Auction Sales
This particular variant has been involved in several high-profile auction sales. In recent auctions, comparable examples of the 1804 13 Star Reverse have sold for varied amounts depending on their condition and grading. For instance, a Fine (F-12) example might sell for around $5,000 to $8,000, whereas an Extremely Fine (XF-40) piece could exceed $15,000. Mint State examples are extremely rare and can command much higher prices, often setting records among collectors. In summary, the 1804 10C 13 Star Reverse represents a key piece for collectors, illustrating the early days of American coin minting with a blend of rarity, historical significance, and a strong market demand. Both its numismatic allure and tangible market value make it a coveted piece among collectors who value not only rarity but the story that each coin encapsulates.
